The development of "socialism with chinese specifics in a new era": to the results of the XX congress of the communist party of China

The article the author notes that China approached the twentieth Congress of the CPC with contradictory results. On the one hand, there are many important, profound, historical achievements that have transformed the People's Republic of China in various fields, strengthening its position as the second economy of the world. And on the other hand, there are a number of problems left over from the previous period of reform and development, as well as new challenges to the world economy, politics, and the coronavirus pandemic. The article analyzes China's achievements in socio-economic life, reveals the problems and tools to solve them. In the article, the author puts forward the thesis about the division of China's economic reform into two major, fundamental periods – the period of adaptation, localization of foreign innovations and technologies and the period of transition to development based on their own, national innovations. The author reveals the main features of the second period in the development of the Chinese economic reform, including the course towards a new development architecture, emphasizes both the presence of achievements and problems. It is announced that after the twentieth Congress of the CPC, a new campaign will begin in the country on the way to the realization of the Chinese dream with great hopes and determination.